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Techno Tomorrow Date: 05/09/2018 INDEX NIFTY OUTLOOK:
A good recovery in the last hour has helped the market close with shallow cuts. The Nifty shed about 70-odd points from its low point. At the close of market hours Nifty is down 43.30 points or 0.38% at 11477.00. Going ahead, we expect the Nifty to hold the key value are of 11500 in the coming session. Thus, any cool off towards 11500 should be used as incremental buying opportunity. Failure to do so, the index may enter into consolidation (11176011400) as it has rallied almost 10% over the past eight weeks leading weekly stochastic oscillator to trade in overbought territory (at 90) along with mild negative divergence.
SCRIPT
LEVEL
TARGET
STOPLOSS
KPIT FUT BUY ABOVE
312
322
302
SCRIPT
LEVEL
TARGET
STOPLOSS
GLENMARK FUT BUY ABOVE
675
700
650
SCRIPT
LEVEL
TARGET
STOPLOSS
INFRATEL FUT SELL BELOW
273
266
280
LEVEL
TARGET
SCRIPT
INDIGO FUT SELL BELOW
875
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STOPLOSS
850
900 530